Petrobras Reports Declining Profits in Q2
Petrobras announces a decline in profits for Q2 2021, with net income dropping to 28.8 billion reais from 54.3 billion reais in the same period last year. This is attributed to falling oil prices and a significant decrease in crack spreads...
Technology Stocks Slip Amid Earnings Anxiety
Technology stocks experience a slight decline as investors grow anxious about earnings. Amazon.com reports impressive sales growth, Apple recovers from losses, and Ivanti discovers vulnerabilities in software.
Schrödinger Stock Prices Decline Following Lowered Outlook
Schrödinger, the physics-based computational platform company, sees a significant decrease in stock prices due to declining revenue and revised outlook for 2023.
First Citizens BancShares Reports Strong Q2 Performance
First Citizens BancShares reported a nearly tripled profit in Q2, surpassing expectations due to the acquisition of Silicon Valley Bank. The bank's revenue also soared, and its CEO emphasized the strategic value of the acquisition. Projecti...
Infineon Technologies Shares Slump Despite Strong Results
Infineon Technologies' shares decline 9.2% despite positive results, with revenue growth driven by automotive sector.
China's Services Sector Sees Continued Recovery in July
The Caixin services purchasing managers index rose to 54.1 in July, indicating a further rebound in China's services sector. Although uncertainties in the global economic landscape persist, these indicators suggest that China's services sec...
PayPal Shares Drop After Disappointing Results
PayPal's shares decline after Q2 financial results fail to meet expectations. CEO remains optimistic about company's progress and future growth.
ABVC Biopharma Shares Drop 15% After Exclusive Licensing Deal in China
ABVC Biopharma's shares drop 15% after entering into an exclusive licensing agreement for major depressive disorder and ADHD drugs in China. The agreement includes potential revenue of $20 million and anticipated royalty payments.
Fitch Ratings' Downgrade Sheds Light on Government Debt Management
The recent downgrade of the U.S.'s credit rating by Fitch Ratings raises important concerns regarding the management of government debt. However, this downgrade is unlikely to impact investors' interest in U.S. debt.
Auto1 Group Adjusts Sales Outlook and Aims for Narrowed Loss
Auto1 Group revises sales projection, expects sales of 625,000 units, and aims to achieve a narrower adjusted loss. Revenue decreased by 23% in Q2.